Lend Lease Group
(ASX:LLC) says it has achieved a strong profit and has plenty of room for good growth potential into next year.
The company booked a net profit after tax of $618.6 million, down from last year’s $822.9 million which featured a $485 million dollar contribution from the sales of the Bluewater Shopping Centre in the UK.
The estimated development pipeline end value is up 19 per cent to a record $45 billion with a 7 per cent rise in construction backlog revenue.
Residential markets in Australia and the UK drove a 24 per cent growth in global settlements and major milestones on the leasing of Sydney’s Barangaroo South project were achieved.
A final distribution of 27 cents per security with 25 per cent franking was declared.
